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Five dollar gold coins, or half eagles, were minted between 1795 and 1929 and had the twin distinctions of being the first gold coin produced by the newly formed US Mint and the only coin to be minted at all seven branches of the Mint during its production run:
Philadelphia, Charlotte, Dahlonega, Denver, San Francisco, New Orleans and Carson City.
Over the years the coin was in circulation it went through more than a dozen design changes and often featured an Indian head or Lady Liberty on the obverse, or front, of the coin and several eagle configurations on the reverse, or back, of the coin.
Because the face value of the coin was five dollars it quickly became one of the most popular coins during the years it was produced (think $20 bill today) and is one reason why it was minted for so many years.
Originally made from gold, copper and silver the coin at times was worth more than its five dollar face value due to increasing precious metal prices and was sometimes melted down and sold.
This prompted several changes in the size, weight and composition of the coin over the years to try and keep up with increasing gold prices and led to the eventual elimination of silver from the coin.
Simple in design the five dollar gold coin is strikingly beautiful and is a favorite among numismatists despite relatively high prices in recent years due to the major increase in gold prices and ever growing scarcity of the coins as they find their way into private collections.
If you are thinking of buying a five dollar gold coin as an investment it probably should be best approached as a collectible play and not as a gold investment as there are more practical gold coin bullion options where the actual value of the coin is tightly correlated to the current market price of gold with little collectible value added into the price.
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2012 America the Beautiful Five Ounce Silver Uncirculated Coin El Yunque National Forest Available May 29
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2012 United States Mint Silver Proof Set® Available June 4
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mws44 3 years ago
This is a very interesting hub with clear information about gold coins. Is also unbiased because it explains the reasons why buying these coins is not a gold investment. Thanks for the useful insights!